- #1
Albert C
- 4
- 0
Homework Statement
I am just wondering, this is a problem solving question that I had thought of. If a Gambler was to gamble and the odds were always 50%, and he loses, if he had given his next bet (2X the amount of his previous bet he lost [Martingale] ) to another gambler and the second gambler gambled,
My question now is, does doing this minimize your chances of losing? And also does it maximise your chances of winning? As in will you have a lower chance of losing + will you have higher chance of winning if you kept doing this in a cycle with 4 gamblers? Any maths to this? Sorry I'm just looking for other peoples opinions